Howard H. Thompson, Jr. - Page 31

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          on the ground that it was inconsistent with or contrary to                  
          certain of those admissions and stipulations.  The Court directed           
          respondent to bring to the Court’s attention on brief any of                
          petitioner’s testimony to which respondent objected as inconsis-            
          tent with or contrary to certain of the deemed admissions and               
          deemed stipulations in this case and informed the parties that it           
          would deem stricken from the record any such inconsistent or                
          contrary testimony.                                                         
               The Court deems stricken from the record in the instant case           
          any testimony of petitioner that is inconsistent with or contrary           
          to the deemed admissions and the deemed stipulations in this                
          case.  Assuming arguendo that the Court had not deemed such                 
          testimony stricken, the Court would not rely on petitioner’s                
          testimony to establish his position that he does not have the               
          unreported income at issue for 1995 and 1996.  That is because              
          the Court found petitioner’s testimony to be in material respects           
          not credible, general, conclusory, vague, self-serving, uncorrob-           
          orated, and/or inconsistent with certain other evidence in the              
          record.                                                                     
          Transactions Involving Petitioner and Weavewood                             
               The following are the unreported income items at issue for             
          1996 which relate to petitioner’s use in that year of various               
          checks that were drawn on Weavewood’s checking account, that were           
          payable to Weavewood, or that petitioner received from or through           






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